Jobs and Growth - Analytical and Operational Considerations for the Fund

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498342140
Total Pages : 95 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Jobs and Growth - Analytical and Operational Considerations for the Fund by : International Monetary Fund. Fiscal Affairs Dept.

Download or read book Jobs and Growth - Analytical and Operational Considerations for the Fund written by International Monetary Fund. Fiscal Affairs Dept. and published by International Monetary Fund. This book was released on 2013-03-14 with total page 95 pages. Available in PDF, EPUB and Kindle. Book excerpt: Job creation and growth with inclusion are imperatives that resonate today in every country. While some advanced countries face the challenge of supporting aggregate demand with limited fiscal space in the aftermath of the Great Recession, many countries have to address ways to generate growth and create jobs in the face of the strong ongoing global megatrends of technological change, globalization, and significant shifts in demographic trends. The latter includes rapid population aging in some parts of the world, and the entry of a large number of new workers into the labor force in others. Low female labor force participation represents a significant missed opportunity to strengthen economic development and growth in many countries.

Guidance Note on Jobs and Growth Issues in Surveillance and Program Work

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498341306
Total Pages : 46 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Guidance Note on Jobs and Growth Issues in Surveillance and Program Work by : International Monetary Fund. Fiscal Affairs Dept.

Download or read book Guidance Note on Jobs and Growth Issues in Surveillance and Program Work written by International Monetary Fund. Fiscal Affairs Dept. and published by International Monetary Fund. This book was released on 2013-09-27 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: This note provides operational guidance to staff on Jobs and Growth issues in surveillance and program work, building on the Board paper “Jobs and Growth: Analytical and Operational Considerations for the Fund” (hereafter, “Board paper”). Jobs and Growth issues can be defined broadly as issues relating to GDP growth, employment, and income distribution. The Board paper noted that work on these issues needs to be consistent with both the Fund’s mandate and its areas of expertise. On a number of structural issues, especially related to labor market reforms and social protection schemes, the Fund would need to effectively collaborate with other institutions with greater relevant expertise.

Operationalizing Inclusive Growth: Per-Percentile Diagnostics to Inform Redistribution Policies

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513528394
Total Pages : 25 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Operationalizing Inclusive Growth: Per-Percentile Diagnostics to Inform Redistribution Policies by : Mr.Alexei P Kireyev

Download or read book Operationalizing Inclusive Growth: Per-Percentile Diagnostics to Inform Redistribution Policies written by Mr.Alexei P Kireyev and published by International Monetary Fund. This book was released on 2020-03-06 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inclusive growth, narrowly defined in this paper as growth that helps reduce inequality, is achieved if consumption of the poor increases faster than consumption of the rich. The paper presents a simple accounting framework for a per-percentile consumption diagnostics that could inform redistribution policies. The proposed framework is illustrated in application to Iraq and Tunisia.

How to Operationalize Gender Issues in Country Work

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Publisher : International Monetary Fund
ISBN 13 : 1498309186
Total Pages : 41 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis How to Operationalize Gender Issues in Country Work by : International Monetary Fund. Strategy, Policy, & Review Department

Download or read book How to Operationalize Gender Issues in Country Work written by International Monetary Fund. Strategy, Policy, & Review Department and published by International Monetary Fund. This book was released on 2018-06-13 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Reducing gender gaps can have important economic benefits. Gender gaps remain significant on a global scale, both with respect to opportunities and outcomes. For example, gender-based legal restrictions in many parts of the world, as well as barriers in access to education, healthcare, and financial services, prevent women from fully participating in the economy. In turn, labor force participation rates are lower among women than men. Gender equality can play an important role in promoting economic stability by boosting economic productivity and growth, enhancing economic resilience, and reducing income inequality. The Fund has begun operationalizing gender issues in its work. Staff has contributed to the economic literature through country-level and cross-country analytical studies, confirming the macro-criticality of gender issues in a broad set of circumstances. Gender issues are also increasingly becoming an integral part of capacity development though technical assistance and training. And in country work, two waves of gender pilots have been completed—encompassing both surveillance and Fund-supported programs and covering all regions of the world and all levels of income—and a third wave is under way. Coverage of gender issues in staff reports should be selective and calibrated to the degree of macroeconomic significance. All teams should consider whether gender issues are relevant, taking into account also the authorities’ priorities, but with no presumption that gender issues will be covered everywhere or every year and with in-depth coverage anticipated in only a limited number of cases any year. Staff should point to macroeconomic significance where it exists, with analysis focused on aspects with economic implications and specific policy advice limited to areas where there is Fund expertise. Where relevant, country teams should leverage external expertise. This note provides an overview of good practices and resources available to staff. The note is consistent with the 2015 Guidance Note for Surveillance Under Article IV Consultations and draws also on the 2013 Guidance Note on Jobs and Growth Issues in Surveillance and Program Work. It provides examples of good practice with respect to coverage of gender issues in country reports and lays out the resources available to country teams, both with respect to existing analytical work as well as the availability of data and tools."

A Strategy for IMF Engagement on Social Spending

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498318886
Total Pages : 56 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis A Strategy for IMF Engagement on Social Spending by : International Monetary Fund. Fiscal Affairs Dept.

Download or read book A Strategy for IMF Engagement on Social Spending written by International Monetary Fund. Fiscal Affairs Dept. and published by International Monetary Fund. This book was released on 2019-06-14 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: Interest in social spending issues has intensified over the last decade. This reflects concerns about rising inequality and the need to support vulnerable groups, especially in the aftermath of the global financial crisis. In line with this, the Fund has also increased its engagement on social spending issues. This paper outlines a strategy to guide IMF engagement on social spending issues going forward.

Review of the Role of Trade in the Work of the Fund

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498344879
Total Pages : 73 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Review of the Role of Trade in the Work of the Fund by : International Monetary Fund

Download or read book Review of the Role of Trade in the Work of the Fund written by International Monetary Fund and published by International Monetary Fund. This book was released on 2015-03-02 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt: This review follows the Board-endorsed recommendation by the IEO in 2009 to have an assessment of the Fund’s work on trade every five years. In addition to reviewing past work, this paper discusses key issues going forward towards a future trade agenda for the next five years. This reflects the need to operationalize the implications of the changing trade landscape, including the changing drivers of trade—such as global value chains (GVCs)—and the movement of the fulcrum of trade policy from multilateral rounds to regional and plurilateral deals.

2014 Triennial Surveillance Review - Staff Background Studies

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Publisher : International Monetary Fund
ISBN 13 : 1498343074
Total Pages : 120 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis 2014 Triennial Surveillance Review - Staff Background Studies by : International Monetary Fund. Strategy, Policy, & Review Department

Download or read book 2014 Triennial Surveillance Review - Staff Background Studies written by International Monetary Fund. Strategy, Policy, & Review Department and published by International Monetary Fund. This book was released on 2014-07-30 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt: NULL

Pursuing Women's Economic Empowerment

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Author :
Publisher : International Monetary Fund
ISBN 13 : 149830852X
Total Pages : 29 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Pursuing Women's Economic Empowerment by : International Monetary Fund. Strategy, Policy, & Review Department

Download or read book Pursuing Women's Economic Empowerment written by International Monetary Fund. Strategy, Policy, & Review Department and published by International Monetary Fund. This book was released on 2018-05-31 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The economic and social imperative for women’s economic empowerment is clear. Greater gender equality boosts economic growth and leads to better development outcomes. It contributes to reducing income inequality and boosting economic diversification and, in turn, supports economic resilience. Gender equality is one of the 17 global UN Sustainable Development Goals, which provide a roadmap for ending poverty, protecting the planet, and ensuring that all people enjoy peace and prosperity. The G7 has emphasized the need for closing the gender gap. The Taormina Leaders’ Summit in 2017 renewed the emphasis on promoting women’s empowerment, which the leaders see as a crucial contribution to promoting sustainable development. In this regard, leaders committed to mainstreaming gender equality into all their policies. This is carried forward by Canada’s G7 Presidency. With growing recognition that gender equality promotes economic stability and growth, the IMF has scaled up its work in this area and is committed to continue these efforts. Work by the IMF will focus on (i) deepening its understanding of the economic benefits of women’s empowerment, both in the labor market and through more equal opportunities for boys and girls, also against the background of persistent megatrends, including in an environment of rapid technological change; (ii) integrating the analysis into Fund policy dialogue with member countries; (iii) providing customized assistance, workshops, and peer-learning courses in areas such as gender budgeting; and (iv) expanding collaboration with other international institutions on the subject to benefit from complementary areas of expertise."

IEO Evaluation Report

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Publisher : International Monetary Fund
ISBN 13 : 1513522205
Total Pages : 54 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis IEO Evaluation Report by : International Monetary Fund. Independent Evaluation Office

Download or read book IEO Evaluation Report written by International Monetary Fund. Independent Evaluation Office and published by International Monetary Fund. This book was released on 2020-02-03 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report updates the 2009 IEO evaluation of IMF Involvement in International Trade Policy Issues. Since then, the composition and structure of international trade have evolved, but trade has not regained its former dynamism. With increasing concern about potential winners and losers from trade, there has been a loss of political support for globalization, increasing trade tensions and protectionism, and the institutional framework supporting multilateral trade has come under heavy strain. The report concludes that overall the IMF deserves considerable credit for its active and timely response, playing a prominent role in championing commitment to an open, rules-based multilateral trading system. The Fund has largely implemented the recommendations of the 2009 evaluation and has strengthened and consolidated its trade policy analysis and advice, appropriately focusing on the key macroeconomic effects and associated risks of trade policy developments at the national and international levels. IMF advocacy on trade has been underpinned by a major expansion in the attention to trade policy issues in multilateral surveillance—and to some extent in bilateral surveillance—supported by high-quality research and analysis, building on the Fund’s well-established modeling capacity. Looking forward, the Fund will need to sustain its current high level of advocacy and analysis on trade policy issues and consider how to increase the overall impact of this work. Key challenges include: contributing to foster a recommitment to trade policy cooperation; further attention to translating multilateral surveillance into bilateral policy advice; consolidating relations with partner institutions; and increased attention to rapidly developing trade policy issues. Across all these dimensions, care will be needed to ensure appropriate evenhandedness in trade policy surveillance across countries. A holistic review of the IMF’s “trade strategy” would help to guide trade policy work and the allocation of scarce resources among competing priorities.

2017 Staff Guidance Note on the Fund's Engagement with Small Developing States

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498307590
Total Pages : 56 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis 2017 Staff Guidance Note on the Fund's Engagement with Small Developing States by : International Monetary Fund. African Dept.

Download or read book 2017 Staff Guidance Note on the Fund's Engagement with Small Developing States written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2018-01-26 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This guidance note highlights the unique economic characteristics and constraints facing small developing states. It provides operational guidance on Fund engagement with such countries, including on how small state characteristics might shape Fund surveillance and financial support, program design, capacity building activities, and collaboration with other institutions and donors. The note updates the previous version that was published in May 2014. It incorporates modifications resulting from Board papers and related Executive Board discussions that have taken place since the March 2013 Board papers on small states, which provided the foundations of the original guidance note. Based on these inputs, five key thematic areas (G.R.O.W.TH.) have been identified as central to the policy dialogue: • Growth and job creation. With small states experiencing relatively weak growth since the 1990s, Fund staff working on small states should ensure an explicit focus on growth in both surveillance and program-related work. • Resilience to shocks. Small states experience higher macroeconomic volatility and more frequent natural disasters. Staff should be ready to advise on how to tailor macroeconomic policies to provide greater resilience to shocks and climate change. • Overall competitiveness. Options to improve relative prices may include exchange rate adjustment (where possible) or measures supportive of internal devaluation (if not), and efforts to improve the business climate, including through regional initiatives. • Workable fiscal and debt sustainability options. With many small states having very high debt burdens, reducing debt to manageable levels requires sustained fiscal consolidation with supporting policies and structural reforms. In cases where the amount of adjustment needed to restore debt sustainability is not feasible or adequate financing is not available, debt restructuring may be needed. • Thin financial sectors. Developing deeper and more competitive, yet sound, financial sectors contributes to macroeconomic stability and enhances the effectiveness of policy interventions while strengthening competitiveness by improving business access to financial services."

Trade Multilateralism in the Twenty-First Century

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Publisher : Cambridge University Press
ISBN 13 : 110837316X
Total Pages : 458 pages
Book Rating : 4.1/5 (83 download)

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Book Synopsis Trade Multilateralism in the Twenty-First Century by : Alexei Kireyev

Download or read book Trade Multilateralism in the Twenty-First Century written by Alexei Kireyev and published by Cambridge University Press. This book was released on 2017-12-14 with total page 458 pages. Available in PDF, EPUB and Kindle. Book excerpt: Trade multilateralism in the twenty-first century faces a serious test as weakness in the global economy and fast-paced technological changes create a challenging environment for world trade. This book examines how an updated and robust, rules-based multilateral framework, anchored in the WTO, remains indispensable to maximizing the benefits of global economic integration and to reviving world trade. By examining recent accessions to the WTO, it reveals how the growing membership of the WTO has helped to support domestic reforms and to strengthen the rules-based framework of the WTO. It argues that the new realities of the twenty-first century require an upgrade to the architecture of the multilateral trading system. By erecting its 'upper floors' on the foundation of existing trade rules, the WTO can continue to adapt to a fast-changing environment and to maximize the benefits brought about by its ever-expanding membership.

Growth and Adjustment in IMF-Supported Programs

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513594478
Total Pages : 116 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Growth and Adjustment in IMF-Supported Programs by : International Monetary Fund. Independent Evaluation Office

Download or read book Growth and Adjustment in IMF-Supported Programs written by International Monetary Fund. Independent Evaluation Office and published by International Monetary Fund. This book was released on 2021-09-09 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt: This evaluation assesses how well IMF-supported programs helped to sustain economic growth while delivering adjustment needed for external viability over the period 2008–19. The evaluation finds that the Fund’s increasing attention to growth in the programs has delivered some positive results. Specifically, it does not find evidence of a consistent bias towards excessive austerity in IMF-supported programs. Indeed, programs have yielded growth benefits relative to a counterfactual of no Fund engagement and boosted post-program growth performance. Notwithstanding these positive findings, program growth outcomes consistently fell short of program projections. Such shortfalls imply less protection of incomes than intended, fuel adjustment fatigue and public opposition to reforms, and jeopardize progress towards external viability. The evaluation examines how different policy instruments were applied to support better growth outcomes while achieving needed adjustment. Fiscal policies typically incorporated growth-friendly measures but with mixed success. Despite some success in promoting reforms and growth, structural conditionalities were of relatively low depth and their potential growth benefits were not fully realized. Use of the exchange rate as a policy tool to support growth and external adjustment during programs was quite limited. Lastly, market debt operations were useful in some cases to restore debt sustainability and renew market access, yet sometimes were too little and too late to deliver the intended benefits. The evaluation concludes that the IMF should seek to further enhance program countries’ capacity to sustain activity while undertaking needed adjustment during the program and to enhance growth prospects beyond the program. Following this conclusion, the report sets out three recommendations aimed at strengthening attention to growth implications of IMF-supported programs, including the social and distributional consequences.

International Monetary Fund Annual Report 2014

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Publisher : International Monetary Fund
ISBN 13 : 1498395783
Total Pages : 82 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis International Monetary Fund Annual Report 2014 by : International Monetary Fund. Secretary's Department

Download or read book International Monetary Fund Annual Report 2014 written by International Monetary Fund. Secretary's Department and published by International Monetary Fund. This book was released on 2014-10-03 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seven years after the onset of the global financial crisis, the world still has a way to go to secure a sustainable recovery marked by strong growth that supports rapid job creation and benefits all, International Monetary Fund (IMF) Managing Director Christine Lagarde says in her foreword to the institution’s Annual Report 2014—From Stabilization to Sustainable Growth, published today. The recovery is ongoing, but it is still too slow and fragile, subject to the vagaries of financial sentiment. Millions of people are still looking for work. The level of uncertainty might be diminishing, but it is certainly not disappearing.” Ms. Lagarde said that “throughout the crisis and in the recovery period, the IMF has been, and continues to be, an indispensible agent of economic cooperation” for its membership. The report covers the work of the IMF’s Executive Board and contains financial statements for the year May 1, 2013, to April 30, 2014. It describes the IMF’s support for its 188 member countries, with an emphasis on the core areas of IMF responsibility: assessing their economic and financial policies, providing financing where needed, and building capacity in key areas of economic policy.

Zambia

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484325338
Total Pages : 94 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Zambia by : International Monetary Fund. African Dept.

Download or read book Zambia written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2017-10-25 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2017 Article IV Consultation highlights the improved near-term outlook for the Zambian economy in recent months, driven by good rains and the rising world copper price. The economy was in near-crisis conditions from the fourth quarter of 2015 through most of 2016, reflecting the impact of exogenous shocks and lax fiscal policy in the lead-up to general elections. The medium-term outlook for the economy is contingent on policies. Achieving sustained high and inclusive growth requires a stable macroeconomic environment as well as policies and reforms to increase productivity, enhance competitiveness, strengthen human capital and support financial inclusion for small and medium-scale enterprises.

Tackling Legal Impediments to Women’s Economic Empowerment

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 74 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Tackling Legal Impediments to Women’s Economic Empowerment by : Katharine Christopherson

Download or read book Tackling Legal Impediments to Women’s Economic Empowerment written by Katharine Christopherson and published by International Monetary Fund. This book was released on 2022-02-18 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is well established that a wide range of legal impediments in countries’ domestic laws have prevented women from achieving full economic empowerment, which in turn has negative macroeconomic implications. In many countries, laws often reflect and perpetuate gender norms that limit women’s economic participation, and removal of these impediments through legal reform has been shown to be an effective method to catalyze greater participation of women in the economy—along with the related macroeconomic benefits. Once legal barriers are removed and provisions for more equal treatment under the law are embedded, the law can also be employed as a powerful tool to incentivize women to pursue equal opportunities, change mindsets regarding the role of women, and hold institutions and individuals accountable for achieving results. Accordingly, it is imperative for countries to focus on eliminating existing legal impediments and designing appropriate incentives to increase women’s participation in the economy. This paper goes beyond previous Fund work by categorizing the key sources of laws that impede women’s economic empowerment, as well as ways in which the law can be used as a tool to create behavioral changes and shifts in perceptions of women in the economy. Case studies of six countries (Iceland, Peru, Rwanda, The Philippines, Tunisia, and the United States) that rank high in gender equality in their respective regions demonstrate how legal reforms have been implemented in differing contexts to help achieve women’s economic empowerment. Given the relevance to the Fund’s mandate, the paper also notes the case for a stepped-up role for the IMF in advising on legal reforms that remove barriers to, and incentivize, women’s economic empowerment. Although this paper highlights dominant belief systems and cultural norms that have contributed to limiting the economic empowerment of women, it does not intend to render any judgment on these systems or norms.

Dealing with High Debt in an Era of Low Growth

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484316134
Total Pages : 32 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Dealing with High Debt in an Era of Low Growth by : S. M. Ali Abbas

Download or read book Dealing with High Debt in an Era of Low Growth written by S. M. Ali Abbas and published by International Monetary Fund. This book was released on 2013-09-23 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: task has become particularly challenging in European advanced economies where expectations of low growth and limits to monetary policy support are shifting the burden of adjustment onto fiscal consolidation. The SDN will investigate the main drivers behind successful past debt reversals, focusing on macroeconomic and financial market conditions, the speed and form of fiscal adjustment, and the institutional policy setting, among other things. Its policy conclusions will depend on the emerging stylized facts but are likely to include considerations on the design and pace of fiscal consolidation, taking into account country-specific as well as regional economic, institutional, and political factors.

Accountability, Transparency and Democracy in the Functioning of Bretton Woods Institutions

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Author :
Publisher : Springer
ISBN 13 : 3319578553
Total Pages : 262 pages
Book Rating : 4.3/5 (195 download)

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Book Synopsis Accountability, Transparency and Democracy in the Functioning of Bretton Woods Institutions by : Elena Sciso

Download or read book Accountability, Transparency and Democracy in the Functioning of Bretton Woods Institutions written by Elena Sciso and published by Springer. This book was released on 2017-07-04 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book investigates the strengths and weaknesses – in terms of transparency and compliance with the democratic principle – of Bretton Woods Institutions, considering the most important innovations from the original framework achieved through the introduction of independent accountability and complaint mechanisms (the Inspection Panel and Independent Evaluation Office), but also due to relevant reforms in the internal governance of the International Monetary Fund and the new financial assistance tools. One of its main focuses is on evaluating the socio-economic impact of conditionality in the countries requiring financial assistance, acknowledging the need to strengthen social protection policies in the adjustment programs. In addition, emphasis is given to the effects of the “constitutionalization” of the Washington Consensus in the European Union, with the establishment of the so-called “Berlin-Brussels-Frankfurt Consensus.”